Russia Refuses Money from the United States

“Nyet to Uncle Sam” might have been the refrain from Vladimir Putin. It may come as a surprise to most of us that the U.S. has been sending aid – to the tune of about $3 Billion (with a “B”) a year – to the Russians for nearly two decades. Seems our former Cold War enemy liked greenbacks as much as any other developing economy. Not anymore. The Russians, with their fuel driven BRIC economy, have decided they don’t want our money anymore. I don’t know if it’s a good sign or a bad sign that the Russians no longer want our money.

Read David M. Herszenhorn’s New York Times article here:

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